CWT.NYSECalifornia Water Service Group

Form 4: CWT SVP Mares Reports Routine Stock Withholding for Taxes

Sentiment:

Insider Transaction Report

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California Water Service Group's SVP of Operations, Michael S. Mares, reported the withholding of shares to cover tax obligations related to vested restricted stock awards.

Summary

  • Michael S. Mares, SVP Operations of California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
  • On September 5, 2025, 67 shares of Common Stock were withheld by the issuer at a price of $47.09 per share to satisfy tax withholding obligations related to a Restricted Stock Award granted on June 5, 2024.
  • On September 7, 2025, an additional 53 shares of Common Stock were withheld by the issuer at a price of $47.09 per share for tax obligations stemming from a Restricted Stock Award granted on March 7, 2023.
  • Following these transactions, Mr. Mares beneficially owns 10,829.6 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to equity compensation, which are standard and do not indicate a significant positive or negative shift in company fundamentals or insider sentiment.

Positives

  • The vesting of Restricted Stock Awards (RSAs) on June 5, 2024, and March 7, 2023, indicates that performance conditions, if any, were met, and the executive remains a key part of the company's leadership.
  • The transactions are routine and expected, reflecting standard equity compensation practices for senior management.

Stakeholder Impact

  • Shareholders: Minimal impact as these are routine tax-related dispositions of vested equity, part of standard executive compensation.
  • Employees: Reinforces the company's commitment to its equity compensation plans for senior leadership.

Key Dates

DateDescription
03/07/2023Grant date of a Restricted Stock Award to Michael S. Mares.
06/05/2024Grant date of a Restricted Stock Award to Michael S. Mares.
09/05/2025Transaction date for withholding 67 shares of Common Stock for tax obligations.
09/07/2025Transaction date for withholding 53 shares of Common Stock for tax obligations.
09/09/2025Signature date of the Form 4 filing.

Recommendation

hold

This Form 4 filing details routine tax-related share withholdings for vested restricted stock awards by a senior executive. Such transactions are standard practice for equity compensation and do not reflect a change in the company's operational performance, strategic direction, or the executive's confidence in the company. Therefore, it does not provide new information that would warrant a change in investment recommendation.

Keywords

California Water Service Group, CWT, Michael S. Mares, Form 4, Insider Transaction, Restricted Stock Award, Tax Withholding, Equity Compensation

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